Versuchen GOLD - Frei
10 developments in WESM and renewables in 2025
Business World Philippines
|January 13, 2026
Here is my quick list of developments during 2025 in two areas of the Philippines electricity sector — the Wholesale Electricity Spot Market (WESM) and renewables.
-
1. Peak power demand declined in 2025 to 19,000 megawatts (MW) after a considerable increase in 2024. This can be due to the strong El Niño in 2024 that spiked consumers’ electricity demand, followed by La Niña in 2025 that lowered electricity demand.
2. Power generation was flat in 2025 (compared with 2024's level) at 118 terawatt-hours (TWh). The share of coal and gas in power generation declined from 77% in 2023, to 74% in 2025. Hydro generation was high during La Niña in 2025.
3. There was a continued decline in Wholesale Electricity Spot Market (WESM) prices. The load-weighted average price (LWAP) went down from P6.07/ kilowatt-hour (kWh) in 2023 to P3.98/kWh in 2025. This data comes from the Independent Electricity Market Operator of the Philippines (IEMOP).
4. The feed-in tariff allowance (FIT-All) was higher in 2025 — from zero in 2023 to P0.13/kWh in 2025. It was P0.20/kWh in late 2025. FIT — or the guaranteed price for 20 years for intermittent renewables, namely solar and wind power — is high, up to P9/kWh. The higher the difference between the WESM price and the guaranteed price of FIT, the higher the FIT-All that will be collected from consumers (see Table 1).
Diese Geschichte stammt aus der January 13, 2026-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Flashback
Nostalgia is in the air during and after the holiday season.
4 mins
January 16, 2026
Business World Philippines
Peso slips to fresh record low on rate cut bets
THE Philippine peso weakened to a new record low against the dollar on Thursday as markets priced in the possibility that the Bangko Sentral ng Pilipinas (BSP) could cut interest rates ahead of the US Federal Reserve.
2 mins
January 16, 2026
Business World Philippines
China, Canada move to reset ties as Carney visits
China is willing to deepen cooperation with Canada while eliminating \"interference,\" Foreign Minister Wang Yi told his Canadian counterpart at a meeting in Beijing on Thursday.
1 mins
January 16, 2026
Business World Philippines
Gov't partnerships with private sector seen to boost transparency in public works projects
TAPPING PRIVATE and development partners for state infrastructure projects may help improve efficiency and transparency as the Philippine government continues to deal with the economic fallout from a corruption scandal linked to public works.
5 mins
January 16, 2026
Business World Philippines
Remittances dip to 6-month low in Nov.
MONEY SENT HOME by overseas Filipino workers (OFW) fell to its lowest level in six months in November, the Bangko Sentral ng Pilipinas (BSP) reported.
2 mins
January 16, 2026
Business World Philippines
PERA could boost returns for state pension funds
STATE PENSION FUNDS in the Philippines could unlock higher returns while reducing market risks by linking stock investment loan programs to the personal equity and retirement account (PERA) framework, analysts said.
1 min
January 16, 2026
Business World Philippines
Philippines risks slowdown this year as election spending effect wanes
THE PHILIPPINES risks losing economic momentum in 2026 unless reforms are carried out to extend the lift from election-related spending last year, according to a state think tank.
4 mins
January 16, 2026
Business World Philippines
It’s the corruption, sir
The October year-on-year plunge in FDI is not a statistical accident. It is a verdict.
5 mins
January 16, 2026
Business World Philippines
Job shortage tops worries of Philippine business leaders – WEF
A SHORTAGE of jobs is emerging as the biggest worry for Philippine business leaders, according to the World Economic Forum (WEF), a sign that economic growth risks falling short of what's needed to absorb workers over the next two years.
2 mins
January 16, 2026
Business World Philippines
PHL seen indirectly affected by Trump's 25% tariff on some chips
US PRESIDENT Donald J. Trump's 25% tariff on certain semiconductors, particularly on advanced computing chips, is likely to affect Philippine manufacturers only indirectly, an analyst said.
2 mins
January 16, 2026
Listen
Translate
Change font size